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To: UnBelievable who wrote (19541)	11/6/2001 11:18:08 AM
From: AllansAlias	Respond to of 209892

I'll go with .5% toward the end of the war, but I believe that was the discount rate. geocities.com

To: UnBelievable who wrote (19541)	11/6/2001 11:29:17 AM
From: patron_anejo_por_favor	Respond to of 209892

<<What do you say when you are out of bullets and the enemy keeps coming?>> You say (to your trusty, Native American sidekick): "Tonto, we're surrounded by Indians!" To which he replies: "What mean WE, White Man (Greenspan)!"<G>

To: UnBelievable who wrote (19541)	11/6/2001 12:31:28 PM
From: NOW	Read Replies (2) \| Respond to of 209892

well I say the notion that greenspan needs to 'save ammo' is ludicrous... I mean save it for what?

To: UnBelievable who wrote (19541)	11/6/2001 2:09:01 PM
From: Henry J Costanzo	Read Replies (2) \| Respond to of 209892

Just happened to be lurking, so thought I would weigh in on your questions (also since I'm probably the oldest guy on SI).....Banks didn't begin trading Fed Funds until 1960. Lowest rate since then was in 1961 at 1 3/4% (quarterly average). In the days when Fed used only the discount rate for monetary policy, lowest I have is 1/4% - yes 0.25%, set in 1942 - kept unchanged throughout the War and not increased until 1946 (my data starts in 1929). What do you do when you run out of these bullets??...Well, you can try to continue what was started last week - try to work on USGovt long-term rates. Plenty of room there - we're now at around 4.8% - lowest level since 1925 was around 2% , in 1941.